Master the principles of Cost Accounting with this comprehensive guide, ideal for Commerce and Management students. This edition delves into cost ascertainment, profit planning, cost control, and decision-making, offering a lucid and updated exploration of key theories and techniques. Discover in-depth coverage of Activity Based Costing and Quality Costs, reinforced by over 400 solved examples and 200 test problems. Navigate chapters on materials, labor, overheads, job-order, process costing, variable vs. absorption costing, budgeting, standard costing, and variance analysis. Enhance your understanding with clear explanations and a step-by-step approach, making complex cost accounting concepts accessible and actionable for academic success. A valuable resource for students seeking a strong foundation in cost management.